edly seeks to fund ISAs at schools that are educationally and societally impactful.
For example, the edly marketplace funds ISAs at V School, a vocational school where students from all backgrounds focus on mastering skills and experience needed to excel in coding, design and other careers in the tech industry.
V School reports an 88% graduation rate and a median salary of $72,000 for 2019 graduates. One-third of its students identify as female, which is double the tech industry’s current rate. Additionally, one-third of V School students are veterans.
edly President Chuck Trafton explained the impactful nature of ISAs on the recent Skills Podcast with Micah Merrick:
“ISAs help level the playing field for those who are often left behind in our current financial system. For example, at the Holberton School in San Francisco, more than half the students are persons of color, and 30% identify as female. ISAs are core to the school’s mission, and grads’ average salaries are higher than MIT or Stanford. Affordable ISAs like Holberton’s are helping change the landscape in Silicon Valley and creating a positive impact in the tech industry worldwide.“
Another edly issuer, Bottega, is a software company and an accredited school. Approximately one-third of its students identify as female, double the tech industry’s current rate.
“We’re proud that our flexible financing increases student access. It’s helping us change the game.”
– Eric Wold, Bottega CEO
Bottega reports an 85% placement rate for full-time students and a median salary of more than $60,000 for 2018 graduates.